Guideline Value for Iyer Thottam Cross St Connecting ( Ward No.22 )

Iyer Thottam Cross St Connecting ( Ward No.22 ) guideline value

The current guideline value for Iyer Thottam Cross St Connecting ( Ward No.22 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Iyer Thottam Cross St Connecting ( Ward No.22 ) has changed

The guideline value for Iyer Thottam Cross St Connecting has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which is an increase of 8% from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2012 revision also listed the value at Rs 1,200 per sq.ft, indicating no change from that year to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which means that the 2024 figure for Iyer Thottam Cross St Connecting is below that median.

• Iyer Thottam 2nd st ( Ward No.22 & 23): Rs 1,300 per sq.ft (2024)
• Iyer Thottam Cross Streets ( Ward No.22 & 23): Rs 1,300 per sq.ft (2024)
• Iyer Thottam 2nd Street (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Iyer Thottam 1st st ( Ward No.22 & 23): Rs 1,300 per sq.ft (2024)
• Iyer Thottam 1st Street (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Iyyappa Nagar 1st Cross Street (Ward 24): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Iyer Thottam Cross St Connecting ( Ward No.22 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iyer Thottam Cross St Connecting ( Ward No.22 )?

The Iyer Thottam Cross St Connecting ( Ward No.22 ) is covered by the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madhavaram

The guideline value plays a crucial role in the registration process when buying or selling property in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will refer to the guideline value to ensure that the correct fees are calculated based on the higher of the guideline value or the sale price. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Iyer Thottam Cross St Connecting?

The current guideline value for Iyer Thottam Cross St Connecting ( Ward No.22 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase of 8% from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. There was no change from 2012 to 2023, with the value remaining at Rs 1,200 per sq.ft.

What are the other streets in Madhavaram with similar guideline values?

Other streets in Madhavaram with a guideline value of Rs 1,300 per sq.ft (2024) include Iyer Thottam 2nd st, Iyer Thottam Cross Streets, Iyer Thottam 2nd Street (Ponniamman Medu), Iyer Thottam 1st st, Iyer Thottam 1st Street (Ponniamman Medu), and Iyyappa Nagar 1st Cross Street (Ward 24).

What fees are associated with buying property in Iyer Thottam Cross St Connecting?

When purchasing property, buyers should consider the stamp duty and registration fees. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,17,000, which includes stamp duty and registration fees based on the guideline value.

Where can I find the Sub Registrar Office for Iyer Thottam Cross St Connecting?

The Madhavaram Sub Registrar Office, which covers Iyer Thottam Cross St Connecting, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details by visiting the relevant links.